🚨Friedberg: "If I saw us adding a terawatt of electricity, I would shut the f**k up about the debt."
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Episode Description
Full episode: https://youtu.be/GEZWyC-jJa4
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Brief Summary
The episode compares US and China's energy production and its impact on economic growth and debt concerns.
Key points
- Energy Production vs Debt. The speaker argues that increasing energy production could alleviate national debt concerns.
Transcript
If I saw us adding a terowatt of electricity production capacity per year in the US, I would shut the up about the debt. The critical lynch pin for all of those other points of abundance being unleashed is the energy equation. And this is where I look very clearly and plainly at what China's doing versus where we're at today. We've got stated intentions, but the actions are where we're still, you know, we got to start showing up. So the number of watts that the US can make in any given point in time or is making any given point in time is one terowatt, one trillion watts. Meanwhile, right now, China is making three terowatt and they're scaling up to make eight. We are
at one going to two over the next 15 years. Let's assume that we have enough power. Yeah. If we have enough power, the 38 trillion of debt doesn't matter. Really, you saying that in a No, I'm very very serious. Yeah, that's a pretty important conclusion because if that's true and we can grow our way out of this problem, then that is an alternative to having this austerity approach. much.
